Telecom operator Bharti Airtel on Friday announced closing of 3G service in Kolkata as part of its plan to replace the third generation mobile technology with 4G in the country. “This is in line with our stated strategy of focusing on serving quality customers with best-in-class service experience. Going forward,...

Sentiment in the manufacturing sector remains subdued as the proportion of respondents reporting higher output growth during April-June has fallen to 41 percent from 54 percent in the previous quarter, according to a survey by FICCI. The latest quarterly report portrays a moderation of outlook for the sector...

Alteria Capital has invested Rs 80 crore in LendingKart in one of the largest debt ventures ever provided to an Indian firm. LendingKart Finance is a technology driven financial services company that helps MSME’s grow their business through digital lending. It has offices in Ahmedabad, Bengaluru and Mumbai...

Telecom operator Bharti AirtelMay 31 said base price of spectrum recommended by the regulator are “exorbitant” and unaffordable, as it urged the government to review the price of radiowaves to set the stage for an aggressive 5G play. “These prices are exorbitant given that the state of 5G ecosystem,...

State-run MOIL on May 22 reported a 5.71 percent increase in standalone net profit at Rs 135.08 crore for the quarter ended March 31, 2019. The company had reported a net profit of Rs 127.78 crore during the same quarter a year ago, MOIL said in a BSE...

Jammu & Kashmir Bank May 15 reported over seven-fold jump in its net profit at Rs 214.80 crore in fourth quarter of the fiscal ended March 2019. The bank had posted a net profit of Rs 28.41 crore in the January-March period of 2017-18. Total income during the March...

The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential investors, a move aimed at ensuring speedier conclusion of the entire process, an official said. However, for CPSEs like Air India, which are relatively bigger...

Agrochemical firm UPL May 10 said it has acquired 26.75 per cent stake in Allfresh Supply Management for Rs 9.24 crore in an all-cash deal. The deal will be completed by May 20, 2019 and will be subject to compliance of certain conditions, UPL said in a filing to the...

n May 6 reported a 77 per cent jump in net profit for the quarter ended March on the back of higher sales. Its net profit in the January-March period at Rs 116.54 crore, or Rs 1.69 a share, was higher than Rs 65.95 crore, or Rs 0.96...